MR. FRICKE,
I am the owner of RentMyCar.com. I am interested in taking the site into the penny stock market via a reverse merger to give it a financial boost. This will also allow any investor to reap immediate profits.
Some facts:
RentMyCar has been noted within the Wall Street Journal
WSJ Article
RentMyCar has claimed 6 patents for the peer-to-peer car sharing industry, which gives it a durable competitive advantage over its competitors.
General Motors (GM) signed a contract with RentMyCar's competitor to offer its service on its Onstar service embedded within 30 GM car models.
WSJ Article
Although the GM-Relayrides deal is an exclusive agreement, it will not remain that way due to the fact that it violates Anti-Trust laws (Sherman Act). Therefore, GM will be forced to open its Onstar system to RentMyCar, or to completely terminate such a service. However, since opening up its Onstar system to RentMyCar, GM will benefit financially.
Google invested $5 Million with Relayrides
Google Ventures
California (AB1871)and Oregon(HB3149) were recently enacted to promote this new peer-to-peer car sharing industry.
Although RentMyCar has not yet sought major funding, it does have the potential of obtaining major funding. However, taking RentMyCar into penny stocks first will give it an immediate boost. Such a penny stock issue will not prevent RentMyCar from bringing in major investors or selling to a competitor as an exit.
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